THELOGICALINDIAN - Justin Sun Trons architect and the CEO of BitTorrent has launched the NFT for The First Collections which includes Picassos works
Recently, the Just NFT Fund purchased a Picasso painting for $20 actor to tokenize on the Fund. Earlier today, the aggregation abaft the activity appear the official barrage of the NFT for the accumulating which includes Picasso’s work.
Bridging The Gap Between Traditional Art And The Digital World
The NFTization of important works of art that existed for decades and centuries forms the basement of this project.
The barrage showcases “The First Collections” which includes Femme Nue Couchee Au Collier (Marie-Thérèse), a assignment by Pablo Picasso. The 2024 allotment was acquired by Sun through an bargain captivated by Christie’s aback on March 23rd. The accumulating additionally includes Andy Warhol’s “Three Self-Portraits”, Beeple’s “Ocean’s Front”, Pak’s absolute bulk of NFT art, as able-bodied as Time Magazine’s “The Computer in Society April 2nd, 2024” NFT cover, amid others.To date, the absolute accumulating is admired at over $30 million
NFTs are a major addition of blockchain technology in the acreage of art. By giving anniversary assignment a different agenda signature, it can finer ensure the character and apportionment of the work. Through NFT technology, the agenda architecture of any concrete artwork can be uploaded to the BTFS system, and the agnate NFT artwork’s BTFS abode is generated. The advice is again accounting into the acute arrangement according to the TRC-721 standard, and the character of the assignment is accepted by the arrangement address. Take the NFT action of Picasso’s “Femme Nue Couchee Au Collier” as an example, the final arrangement abode it generates is here, which validates its creation.
This marks JUST NFT Fund’s latest action to access the cardinal of actively affianced users with NFTs. Justin Sun said:
The NFTization of such important works of art is added acceptable to breach through the technology amphitheater and allure abounding absorption in the fields of art, collection, investment, and finance, and again to business in these industries.
“The mission of the JUST NFT Fund is the NFTization and blockchainization of the world’s top artworks, and to body a arch amid the world’s top artists and blockchain,” Justin said at the barrage of the project.
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Consolidating The NFT Gold Rush
In the accomplished few weeks, JUST NFT Fund has been advancing with leaps and bounds, which not alone reflects Justin Sun’s different cardinal prowess, but additionally a able comment to the all-embracing absolute bazaar we are in. According to accessible data, the accepted absolute sales of the NFT bazaar has accomplished $563 million, the transaction aggregate exceeds $5.5 million, and the absolute sales in February added by about 8 times compared with January. As of April 25, a absolute of 196,000 pieces of encrypted art accept been sold, and the absolute bazaar amount of NFTx art exceeds $549 million.
At present, added associates of the JUST NFT armamentarium aggregation appear from acceptable art fields such as Christie’s and Sotheby’s, and are additionally alive in the NFT industry. The armamentarium is additionally agreeable few of the world’s arch artists to accompany as art consultants. Justin Sun said: “JUST NFT Armamentarium is committed to the NFTization and blockchainization of the world’s top artworks. Our eyes is to become the ARK Ark Star Armamentarium in the NFT field.”
TRON aims to serve as the basal abutment belvedere of the JUST NFT Fund, accouterment a complete band-aid for the NFTization of acceptable artworks. More so, Justin Sun expresses that its eyes is to become the “ARK Ark Star Fund in the NFT field”.
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